For more information, visit: A holder in due course is someone who has taken good faith possession of a negotiable instrument. The holder in due course is often considered innocent of any claims against the negotiable instrument and prior holders because he or she has not been notified of any problems with the instrument. There are some important legal implications behind this concept and it has been a subject of litigation in some cases. The law surrounding transfer of negotiable instruments varies between nations and cases and people who are unclear on the specifics of a particular situation may want to consult a lawyer.
What is a Holder in Due Course
For more information, visit: A holder in due course is someone who has taken good faith possession of a negotiable instrument. The holder in due course is often considered innocent of any claims against the negotiable instrument and prior holders because he or she has not been notified of any problems with the instrument. There are some important legal implications behind this concept and it has been a subject of litigation in some cases. The law surrounding transfer of negotiable instruments varies between nations and cases and people who are unclear on the specifics of a particular situation may want to consult a lawyer.
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